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Eye on Ecopetrol

Ecopetrol in the times of Covid-19

Brent prices will soon reach levels that will help Ecopetrol (NYSE:EC) be profitable. How long will this last?

 

Wednesday, May 13th, 2020
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Ecopetrol 1Q20 results

Ecopetrol 1Q20 results

Ecopetrol (NYSE: EC) announced its first quarter 2020 results.

 

Tuesday, May 12th, 2020
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Ecopetrol’s sale and health emergency

The State currently has no plans to sell any assets to deal with the health emergency. The Decree 637 of May 6 2020, however, could change this situation, reopening the possibility of selling Ecopetrol (NYSE: EC).

 

Tuesday, May 12th, 2020
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ECP to restart operations

Ecopetrol (NYSE: EC) announced that it will resume operations in the Middle Magdalena area.

 

Monday, May 11th, 2020
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Cenit rejects attacks to oil infrastructure

Ecopetrol’s subsidiary, Cenit, reported that it activated its contingency plan in the Coveñas Caño Limón (CCL) and Bicentenario pipelines. Here are the details.

Wednesday, May 6th, 2020
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ECP Line-of-Business results are no surprise

ECP Line-of-Business results are no surprise

Last week we discussed pipeline tariffs using figures from Ecopetrol’s Line-of-Business (LoB) results. This week we present our full set of graphs for all of the LoBs.

Monday, May 4th, 2020
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Ecopetrol’s financial estimates

Ecopetrol (NYSE: EC) announced changes in its financial and operating estimates due to an error. Here are the details.

 

Tuesday, April 28th, 2020
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Ecopetrol’s donations 

This is how Ecopetrol (NYSE:EC) has helped the national healthcare system, amid the Covid-19 pandemic. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.

Tuesday, April 28th, 2020
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Ecopetrol’s new move

Ecopetrol’s (NYSE: EC) CEO, Felipe Bayón, spoke about the company’s strategy to seek new markets amid the ‘new oil crisis.’

 

Monday, April 27th, 2020
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“Oh, how the money rolls in!”

This week the Colombian Petroleum Association (ACP) raised the issue of oil transport costs and in particular, pipeline tariffs. Given the government’s stake in the Cenit, which owns virtually all of the pipelines, the request for lower tariffs will likely be ignored. But Cenit’s victory may be pyrrhic this time.

Monday, April 27th, 2020
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